MCX Gold to Trade Sideways: Support at Rs 50300 [29-Aug-2022]

Gold Price Forecast & Analysis: $1750 to Cap The Upsider

Gold Price Forecast & Analysis: Gold is edging higher in Tuesday’s trading so far, benefiting from falling Treasury yields and tepid risk tone. Markets appear to have turned risk-averse, re-assessing their bets on faster US economic recovery amid a potential hike in tax rates while covid restrictions in Europe also dampen the mood.

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केंद्रीय बैंक ने सितंबर महीने में जबरदस्त सोने की खरीदारी की

Silver Prices Today Struggle, Down Below Key Level

Gold and silver prices today struggled in Indian markets today after a sharp rise in the previous session. On MCX, June gold futures were flat ₹44977 per 10 gram while silver rates were down 0.35% at ₹63595 per kg. In the previous session, gold had risen 1% while silver 0.9%.

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Bullion Update:

Gold Price Forecast: Big Break Awaits as Gold Goes Range

Gold Price Forecast: Q1 is not winding down in the way that many Gold bulls had imagined, myself included. For the past two weeks Gold prices have been stuck in a fairly consistent albeit relatively small trading range, spanning about 2% of Gold spot price as a couple of Fibonacci levels have helped to define this mean reversion.

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